Enron Presentation About Enron A Global Energy and

Enron Presentation

About Enron A Global Energy and Communications Company with: • $40 Billion in 1999 Revenues (#18 on Fortune 500) • 20, 000 employees worldwide • Over 50 offices in 30 countries

It’s Different Here • We constantly ask “Why? ” • We invent ways to do the impossible • We exemplify a New Economy company, offering innovation of a dot-com, stability of FORTUNE 500, and trading expertise of Wall Street

Rules for a New Economy—Company • Derives strength from knowledge, not just physical assets • Operates globally, effortlessly • Sees constant innovation as only way to outperform competition • Uses information adeptly to restructure organizations and boost productivity

Enron’s Business Model • Identify and manage risk opportunities • Redefine products and services as commodities • Create liquid markets by developing unique networks • Develop a trading forum for product and services at www. enrononline. com

The Business Case—Gas The Problem • Deregulation of the gas industry resulted in fluctuations in price of gas Enron’s Solution • Began selling gas price options and hedges to lend stability to industry • Developed Enron. Online to allow users to transact instantaneously with real-time prices for a range of energy and related commodities

The Business Case—Weather The Problem • Companies lose money when extreme weather conditions drastically affect supply and demand Enron’s Solution • Enron began selling options on the weather, allowing companies to hedge the financial effects of extreme weather conditions • Companies can now swap and trade options on www. enronweather. com

The Business Case—Bandwidth The Problem • Inflexibility of bandwidth contracts resulted in companies paying for unused bandwidth Enron’s Solution • Began partnership with Sun Microsystems to trade surplus bandwidth using Sun routers • Became unique one-stop source for all broadband services • Premium broadband market expected to grow 150% annually, 2000 -2004

The Businesses—Enron Energy Services • Uses our procurement, forecasting and modeling capabilities to manage energy needs of big businesses

The Businesses—Enron Energy Services The Results • Signed retail business contracts totaling $8. 5 billion in value, more than double the 1998 totals • Widened competitive advantage

The Businesses—Enron North America • Modernizes the once heavily regulated energy market by creating a wholesale market with ondemand generation and creative financing instruments.

The Businesses—Enron North America The Results • #1 trader and marketer of gas and power in North America • Traded first weather-indexed transaction in August 1997 and completed transactions in 1999 with a notional value of $700 mm • Significant financial trading team focused on interest rate, F/X and equity positions across Enron • Incubator for new businesses (EES, EBS and Enron Net Works)

The Businesses—Enron North America

The Businesses—Enron Net Works • Offers global, 24 -hour online trading of products at www. enrononline. com • Enjoys advantage of being first to enter field • Built site in-house in seven months • Stands as the only global principal-based system to view real-time prices and transact instantaneously – multi-commodity – multi-currency – multi-lingual

The Businesses—Enron Net Works The Results • Carried more than $50 billion in notional value in its first half year • Daily notional value of approximately $1 billion

The Businesses—Enron Net Works Transactions via Enron. Online (Weekly)

The Businesses—Enron Net Works

The Businesses—Broadband Services • Invented a market to trade bandwidth as a commodity, and also sell it directly to customers

The Businesses—Broadband Services The Results • Established benchmark bandwidth contracts • Uniquely positioned in a market with 150% growth potential for each of the next 4 years

The Common Thread • Creative • Proactive • Risk-taking • Flexible

What People Are Saying About Us SUNDAY, JUNE 27, 1999 “In less than a decade. . . Enron has emerged from its unlikely perch in the utility industry as a model for the new American workplace - every bit as much as the Silicon Valley start-ups that usually come to mind when the subject is entrepreneurship or innovation. ”

Accolades • “Most Innovative Company” 2000 “Most Innovative Company” 1999 “Most Innovative Company” 1998 “Most Innovative Company” 1997 “Most Innovative Company” 1996 — Fortune • “ 100 Best companies to work for” 2000 “ 100 Best companies to work for” 1999 — Fortune

What We Value • Respect • Integrity • Communication • Excellence

What It’s Like to Work Here • Work environment – – – fast-paced sometimes chaotic intense unstructured flexible • Houston – #1 US city for entrepreneurship & growth – 4 th largest city in America – low cost of living

The Analyst Program A program designed to develop skills in, finance, accounting, modeling, data analysis and trading. • Undergraduate degree • 2 year program; 1 year rotations • Stepping stone to top-tier MBA programs • Opportunities to receive financial support for business school

The Analyst Program We also offer two specialized analyst tracks • Tax Analysts focus on tax auditing and accounting • Technologists work on projects such as software development, internet applications, networked systems, infrastructure design • Graduate or undergraduate degree • 2 year program; 1 year rotations • Opportunities to receive financial support for professional certifications

The Associate Program • Graduate degree • 18 -24 month program • 3 -4 six month rotations – Designed to develop skills in originating, structuring, execution, trading and finance • Immediate exposure and impact • Eligible for promotion to manager after 18 months

Goals of the Program • Understand the business • Build relationships • Experience our culture • Add value

What’s Next—Recruiting Process Round 1 Interviews • Two thirty minute back-to-back interviews conducted on-campus with management representatives Round 2 Interviews • Occur the next day with two thirty minute back-toback interviews typically conducted off-campus with senior management representatives

What’s Next—Recruiting Process Super Saturday • Interviews conducted in the Enron Houston Office with senior management representatives • Planned weekend activities that allow candidates to meet additional Enron employees and explore the Houston area Offers • Results of interviews verbally communicated to all candidates on the Monday following Super Saturday

Dates on Campus • Career Fair - September 20 • Resume Drop Deadline - September 19 • Campus Interviews - October 9 and 10

Enron It’s Different Here.